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(Studio) Failure of OPEC (Organization of Petroleum Exporting Countries) conference to reach unified oil price due to Saudi Arabia's refusal to raise prices reported; details given. New United States-Mexican oil deal said compounding OPEC's problems.
REPORTER: Dan Rather
(Geneva, Switzerland) OPEC (Organization of Petroleum Exporting Countries) disunity examined; Saudi position announced by minister Sheik Ahmed Zaki al-Yamani outlined. [YAMANI - predicts future oil prices; denies United States-Mexican agreement is factor in OPEC (Organization of Petroleum Exporting Countries) decision.] Possible impact on United States gasoline prices considered; Saudi gesture to OPEC hawks mentioned; Libyan minister Abdussalam Mohammed Zagaar noted declining comment on possibility of Libyan oil boycott of United States following this week's incident off Libyan coast. [ZAGAAR - claims Americans in Libya are safe.] Apparent impact of conference disunity on ntns. such as Nigeria and on the organization as a whole considered.
REPORTER: Doug Tunnell
- Rather, Dan;
- Tunnell, Doug
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